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Article: AUD/USD Hits Fresh Yearly High on Comments From RBA Governor Stevens.(Australian dollar)(United States dollar)(Reserve Bank of Australia)(Brief article)(Statistical data)
- Article from:
- Mena Report
- Article date:
- July 28, 2009
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Summary: The dollar attempted gains early in the Asian session as profit-taking taking emerged in commodities, Asian equities and in the currencies with an eye...
The dollar attempted gains early in the Asian session as profit-taking taking emerged in commodities, Asian equities and in the currencies with an eye to month end. However, the hawkish tone of comments from RBA Stevens reversed those moves with the AUD-USD hitting fresh highs for the year around 0.8290 and commodities reversing early losses to post gains. Asian stocks were mixed but Treasury yields pushed higher after the RBA statements. Adding to the positive global growth story was news that Merrill ...